One billionaire every 30 hours in the world

One billionaire every 30 hours in the world

The Corona epidemic has created one new billionaire every 30 hours. The international charity Oxfam reported the information. News AFP.

Oxfam made the announcement in the context of the opening of the annual conference of the World Economic Forum in Davos, Switzerland.

The conference started on May 22. The conference will continue till May 26. Influential politicians, businessmen, billionaires and CEOs of the world are gathering in Davos to take part in this conference.

Oxfam reported on Monday after the start of the Davos conference that Corona had created new billionaires on the one hand, and the epidemic had pushed many people below the poverty line on the other.

Oxfam estimates that 263 million people worldwide will fall below the extreme poverty line this year. If this happens, 1 million people will be extremely poor every 33 hours.

Inflation is rising worldwide due to the Corona epidemic. Due to this the cost of living is increasing. Mentioning this crisis, Oxfam has also painted the opposite picture.

According to Oxfam, 563 new people in the world became billionaires during the Corona epidemic. That is, one person becomes a billionaire every 30 hours.

Oxfam executive director Gabriela Butcher said in a statement that the billionaires were coming to Davos to celebrate the incredible improvement in their fortunes. Simply put, the Corona epidemic and the recent rise in food and fuel prices have been a blessing in disguise. On the other hand, the pace of progress in the eradication of extreme poverty over the decades is now reversing. Huge numbers of people around the world are facing unbearable inflation. They have to fight for survival.

Oxfam has called for a “solidarity tax” on those who have become billionaires due to the epidemic. The agency said the tax should be levied to help victims of rising commodity prices. This tax can also be used to fund sustainable recovery from epidemics.

Oxfam points out that now is the time to stop the tendency to make a profit by exploiting the crisis. The company favors the introduction of additional taxes on the profits of large corporations on a temporary basis.

According to Oxfam, a tax of 2 per cent per annum on the assets of billionaires and 5 per cent per annum on the assets of billionaires could raise ২ 2.52 trillion a year.

According to Oxfam, the tax would help alleviate the poverty of 2.3 billion people worldwide, create adequate vaccines and provide universal health care to people in poor countries.

The calculations were made by Oxfam after analyzing Forbes Magazine’s billionaire list as well as World Bank data.

The world’s so-called elite have been holding the conference in Davos since 1995. However, the conference did not take place for two years due to the Corona epidemic. On the occasion of the Davos Conference, Oxfam regularly provided information on global economic inequality. This year’s data shows that inequality between rich and poor is increasing worldwide. So the company thinks it is time to raise taxes on the rich to help the poor.


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